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Step 1: Buy house in good condition at or just below retail |
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Hint: Look for expired listings or other houses that have motivated owners. There are literally hundreds of thousands of them out there with no competition (other investors will think you're crazy). |
Step 2: Sell house with owner finance terms to "credit challenged" buyer at just above retail |
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Hint: Take 5-10% down payment from sub-prime buyer (the 95+% that can't currently qualify for conventional credit), and leave the 20% to the big banks and mortgage companies. Learn to love borrowed funds too - cars, jewelry, coin collections, firearms, anything that can be converted to cash for that matter is fine with you... |
Step 3: Repair owner finance buyer's credit while seasoning them on your note |
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Hint: Immediately after sale, begin credit repair on your buyer while reporting good payment history to the bureaus. |
Step 4: Wait 12 months and 1 day and then have owner submit application for refinance with conventional lender |
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Hint: Shop around with brokers to find the best refinancing loan products to fit buyer's needs now that their credit has improved and they're seasoned on your owner's note. |
Step 5: Cash out remaining profit upon owner refinance |
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Hint: Don't forget to factor in the $4,500-$13,500 you made in cash flow (depending on your hold time) when calculating your total profit on the deal. |
REPEAT: Repeat steps 1-5 as necessary to alleviate symptoms |
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Hint: For best results, 1-3 applications per month provide adequate relief for most investors (3 treatments per month can yield over $100,000 in monthly profit). |
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- Step-by-step training on how to buy & sell properties at retail while making unbelievable profits
- Step-by-step training on how to acquire properties utilizing wrap notes within a Texas Land Trust and then sell owner finance
- Online access to over 50 continuously updated contracts, forms, templates, scripts, etc.
- Comprehensive referrals to Roddy.com’s preferred network of vendors
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Additional Services Offered:
- Trustee Service; including collection and disbursement of all payments, plus notary, recording and special mailing. (Fee Schedule provided at workshop)
- Title Insurance; specializing in insuring properties that have been held in Texas Land Trusts. (Fee Schedule provided at workshop)
- Legal Services; including evictions, foreclosure, substitutions, assignments, delivery, etc. – (Fee Schedule provided at workshop)
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Currently Scheduled Workshops:
Get rich paying retail with the
Texas Double Wrap
| Get rich paying retail with the Texas Double Wrap - Addison 9/13/08 |
| Date: | Saturday, September 13, 2008 |
| Time: | 8:30:00 AM - 5:30:00 PM |
| Where: | Foreclosure Listing Service, Inc. |
| To Register or Obtain More Info |
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| Get rich paying retail with the Texas Double Wrap - Austin 9/27/08 |
| Date: | Saturday, September 27, 2008 |
| Time: | 8:30:00 AM - 5:30:00 PM |
| Where: | Location TBD (Austin Area) |
| To Register or Obtain More Info |
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| "$25,000 - $35,000 profit a flip in less than 30 days with no loans, no rehab, and less than a grand out of pocket! I just pray this market stays depressed a little longer."
- C. Camporeale |
| "This class turned my entire perception of real estate investing upside down. When I told my friends I was buying at over ninety cents on the dollar and making over $50,000 a month they started laughing their (censored) off and thought I was nuts. They're not laughing anymore..."
- R. Walker
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| "If this class was offered by anyone other than the Roddy family, I would have thought it was a scam and never signed up. But I know the Roddys are as good as it gets in real estate, and I jumped in. Man was I glad I did."
- D. Thompson
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"Incredible...the absolute winning strategy for this market, period."
- J. T. Craig
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